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The market is segmented by Application (Military, Law Enforcement, Other Applications), and Geography.
Fastest Growing Market:
Rest of the World
The tactical UAV market is anticipated to register a CAGR of 19.85% during the forecast period.
With its current applications in Reconnaissance, Surveillance, and Target Acquisition (RSTA), the tactical UAV mission set could be expanded to include target designation, strike, chemical-bio detection, mine countermeasures, theater air missile defense, electronic warfare, and information warfare. The market study includes the use of tactical UAVs in the military, law enforcement, and other applications, including railways, firefighting, and oil and gas, among others.
|Rest of the World|
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Due to the diverse military application profile, the demand for tactical UAVs has witnessed a multifold increase, during the last decade. Hence, several procurement orders are either underway or being placed to cater to the increased demand from global military forces. For instance, in August 2019, the US Border Patrol, a part of the US Customs and Border Protection (CBP) forces, awarded a USD 5.25 million contract to AeroVironment Inc. (AeroVironment) for Puma 3 AE. The delivery of the systems is expected in January 2020. Also, the global defense scenario has bolstered the R&D efforts divested toward the development of advanced tactical UAVs. Thus, the fresh procurement drives, as part of the fleet upgradation programs of the global defense forces as well as investments into the development of new UAVs are anticipated to drive the growth of the military segment of the tactical UAV market during the forecast period.
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Rest of World segment of the market is expected to register the highest CAGR during the forecast period, due to increasing R&D programs in countries, like Israel, and increasing procurements by countries, like Germany. Furthermore, this growth is due to the increasing advancements in tactical UAVs in Russia and Ukraine. For instance, Anotov developed Gorlysta, a new tactical unmanned aerial vehicle, for the Ukrainian forces. This UAV multifunctional tactical unmanned aircraft consists of four unmanned aircraft, a remote pilot station, and a command and communication link. The UAV can also carry missile systems. The increasing emphasis on indigenous development of Tactical UAVs led by Russia and Israel are anticipated to accelerate the growth of the segment during the forecast period.
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The market of tactical UAVs is highly fragmented, with several providers of tactical UAVs and UAVs that can be used for tactical and ISR missions. The key players in the market The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, Elbit Systems Ltd. and AeroVironment Inc. with a highest market share in 2019. Boeing is involved in R&D of tactical UAVs, under its wholly-owned subsidiary, Insitu, which is a major contributor toward Boeing's defense revenue from defense contracts. Northrop Grumman Corporation was selected by the Defense Advanced Research Projects Agency (DARPA), as a Phase 1 Swarm Systems Integrator for the Offensive Swarm-enabled Tactics (OFFSET) program. As a part of this program, the company is tasked with designing, developing, and deploying a swarm-system, open-based architecture for swarm technologies in simulation and physical test bed. Furthermore, there are several smaller players that have constantly grown their market presence and are expected to play a key role in the coming years, as their technology matures and gains flight hours while building technologies and capabilities tailored made for their local users (military and non-military).
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.2 Law Enforcement
5.1.3 Other Applications
5.2.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
5.2.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.2 Aeronautics Ltd
6.2.3 General Atomics
6.2.5 BlueBird Aero Systems
6.2.6 Elbit Systems Ltd
6.2.7 AeroVironment Inc.
6.2.8 Israel Aerospace Industries (IAI)
6.2.9 The Boeing Company
6.2.10 Safran SA
6.2.11 Leonardo SpA
6.2.12 Textron Inc.
6.2.13 Lockheed Martin Corporation
6.2.14 Northrop Grumman Corporation
6.2.15 Saab AB
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability